Mexico Aims to Reduce Greenhouse Emissions

MEXICO CITY (Reuters) - Mexico plans to set targets for emissions of carbon dioxide by early next year as part of an effort to stop global warming, but could reduce them by 13 percent in a decade, the environment minister said on Tuesday.

Juan Rafael Elvira said Mexico produces 623 million metric tons of carbon dioxide per year and could eliminate about 80 million metric tons with some simple steps as part of a plan to attack global warming.

Last week, President Felipe Calderon launched a climate-change plan that included planting 250 million trees this year and getting old trucks and buses off its roads but did not set emissions targets.

Elvira said targets will be included in a formal government program to cut greenhouse gases, scheduled to be drawn up later this year or in early 2008.

The Rest @ Reuters

Canadian Areo Space Company Opens Plant in Queretaro

"This is the great objective that we all have, not only Queretaro, but the nation”

QUERETARO, MEXICO - Building jet airplanes has long been the domain of advanced industrial nations. Now, Mexico is trying to join the club by hitching a ride with a Canadian aerospace company.

Montreal-based Bombardier Aerospace broke ground this month in this central Mexican city on a massive complex to build wiring harnesses, fuselages and flight controls. The company, best known for its Learjets and other executive jets, employs 450 workers here. It plans to have 1,200 by the end of next year.

The Rest @ Topix

Satmex Not Showing Strong in Satellite Market Consolidation

When Satmex emerged from bankruptcy six months ago, expectations ran high among creditors that the satellite company would ride a wave of sector consolidation to a record price tag. But with some of the bulge-bracket operators in the industry now in play themselves, pricing for the relatively small Mexican business might come under pressure, sector sources said.

“I am sure the right answer to that question is ‘no’,” said a Satmex bondholder when asked if a near-term sale of Intelsat was good news for the Satmex sale process. Reports emerged last month that Intelsat’s financial sponsor Apollo Management has put the company up for sale.

Intelsat had been leading the list of potential bidders for Satmex that includes Luxembourg’s SES Global, French-Spanish firms Eutelsat/Hispasat, the Canadian and US team of Telesat/Loral and the Brazilian firm Star One, owned by Mexican billionaire Carlos Slim and US conglomerate GE.

The Rest@ Financial Times